Financial services provider Higher One has introduced its OneRewards cash back program for checking accounts that college students enrolled at partner colleges and universities use.

Higher One checking account holders can now receive up to 30% cash back on purchases such as retail and dining, both online and in-store. The OneRewards program will be providing access to more than 100,000 merchants in the network.

All current and new Higher One account holders are automatically enrolled in the program at no cost.

To earn cash back online, customers log into OneRewards.com, click on an online offer, shop then check out on the retailer’s site. To earn cash back in stores, customers can swipe their Higher One card at any participating OneRewards retailer. An earnings profile tool calculates cash back per purchase and keeps track of all cash back earned and cash back deposits. At the end of each month, the rewards are deposited into customers’ accounts.